Mr. Market Went Insane Insane in 2011


Good chart by Jae of of just how awful fundamental investing did during 2011. As many have pointed out, due to Euro concerns many investors completely ignored button up investing. The good news is that many value investors have taken much more of a macro approach (article on topic to follow), and there are therefore lots of bargains out there. The even better news is people have capitulated, or become 100% macro investors.

When this happens, such as in late 2008 and early 2009, many cheap securities can be found.

Mr. Market Went Insane Insane in 2011


Odey Special Situations Fund took on several new positions in March

Crispin OdeyOdey Asset Management's Special Situations Fund was down 3.2% in March, compared to its benchmark, the MSCI World USD Index, which was up 3.3%. Through the end of March, the fund is up 8.7%, beating the benchmark's return of 4.9%. Q1 2021 hedge fund letters, conferences and more Odey's Special Situations Fund deploys arbitrage and Read More

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